DXS3.DE vs. EXUS.DE
DXS3.DE (Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc)) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - DXS3.DE is a Inverse Equities fund tracking the S&P 500 Short Index, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, DXS3.DE returned -8.70% vs 25.65% for EXUS.DE. At a correlation of -0.59, they often move in opposite directions. DXS3.DE charges 0.50%/yr vs 0.15%/yr for EXUS.DE.
Performance
DXS3.DE vs. EXUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXS3.DE achieves a -2.95% return, which is significantly lower than EXUS.DE's 13.41% return.
DXS3.DE
- 1D
- 0.00%
- 1M
- 2.92%
- 6M
- -3.90%
- YTD
- -2.95%
- 1Y
- -8.70%
- 3Y*
- -11.94%
- 5Y*
- -6.72%
- 10Y*
- -12.32%
EXUS.DE
- 1D
- 0.66%
- 1M
- 3.63%
- 6M
- 13.12%
- YTD
- 13.41%
- 1Y
- 25.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXS3.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXS3.DE Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) | -2.95% | -20.25% | -2.75% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 13.41% | 17.80% | 4.15% |
Correlation
The correlation between DXS3.DE and EXUS.DE is -0.62, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | -0.59 |
The correlation between DXS3.DE and EXUS.DE has been stable across timeframes, ranging from -0.62 to -0.59 - a consistent structural relationship.
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Return for Risk
DXS3.DE vs. EXUS.DE — Risk / Return Rank
DXS3.DE
EXUS.DE
DXS3.DE vs. EXUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXS3.DE | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.38 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.94 | -3.46 |
| Martin ratioReturn relative to average drawdown | -1.00 | 11.77 | -12.77 |
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Drawdowns
DXS3.DE vs. EXUS.DE - Drawdown Comparison
The maximum DXS3.DE drawdown since its inception was -93.76%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for DXS3.DE and EXUS.DE.
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Drawdown Indicators
| DXS3.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.76% | -16.21% | -77.55% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -8.67% | -8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -42.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.13% | — | — |
Current DrawdownCurrent decline from peak | -93.52% | 0.00% | -93.52% |
Average DrawdownAverage peak-to-trough decline | -73.65% | -1.75% | -71.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 2.17% | +6.52% |
Volatility
DXS3.DE vs. EXUS.DE - Volatility Comparison
Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.DE) has a higher volatility of 4.92% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.18%. This indicates that DXS3.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXS3.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.18% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 10.31% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 12.59% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.99% | 13.36% | +6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 13.36% | +5.84% |
DXS3.DE vs. EXUS.DE - Expense Ratio Comparison
DXS3.DE has a 0.50% expense ratio, which is higher than EXUS.DE's 0.15% expense ratio.
Dividends
DXS3.DE vs. EXUS.DE - Dividend Comparison
Neither DXS3.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
DXS3.DE and EXUS.DE have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for DXS3.DE.
DXS3.DE is categorized as Inverse Equities, while EXUS.DE is Global Equities. DXS3.DE tracks S&P 500 Short Index, while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.50% for DXS3.DE and 0.15% for EXUS.DE.
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